[서울]:대외경제정책연구원

Date

2013-12

Series Title; No

전략지역심층연구 / 13-18

Pages

267

Subject Country

South Korea(Asia and Pacific)Middle East(Middle East)

File Type

Link

Subject

Economy < Financial Policy

Holding

대외경제정책연구원

Abstract

Throughout the Chapters 2, 3, 4, 5 in respective order, this paper examines the concentration ratio of bank market in GCC at status quo, competitiveness of Islamic bank in GCC, and competitive advantage and internationalization strategy of banks comprising GCC market, local commercial banks, and global commercial banks in GCC market.In chapter 2, we examined the distribution of Islamic banks at status quo, the peer group analysis on 11 peer groups of the world’s largest (total asset) Islamic banks, and regional distribution of Islamic banks, along with careful observation on development and prospect of GCC bank market. The competition in bank market of GCC and MENA countries was analyzed through peer group analysis and PR H-statistics, together with thorough analysis on the consumption behavior for GCC bank at both individual and corporate level.GCC region is the most concentrated area of Islamic banks and assets, where "troika" of Islamic bank industry is established among Bahrain, Malaysia, and Iran. Meanwhile, GCC occupies a great share, outweighing other regions among the Top 20 Islamic banks. The average of net interest margin (3.01%) of GCC Top 20 Islamic banks surpasses the average of the Islamic banks all over the world (2.35%). The size of GCC bank market measured by total asset to bank equity ratio has grown by 17.4% during 2000~2011; domestic private credit (to GDP %) has grown by 63.7% during 1993~2011, which proves its outstanding financial development in light of bank market activity. In terms of asset size, UAE and Saudi Arabia are predominant, while Bahrain shows a steady rising tendency of GDP ratio. Furthermore, GCC bank industry, in general, presents rapid trend of recovery and development. The fall of bad debts and increase of bank profitability are expected to be consistent, and the saving ratio over 170% makes the prospect even brighter. (The rest omitted)